Word: feo
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Dates: during 1970-1979
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...importance of continued conservation is underscored by two sets of estimates from the Federal Energy Office. If demand is unconstrained, FEO figures, petroleum supply this quarter will fall 6% short of potential use. The shortfall would be 3% in the third quarter and 4% in the fourth. Gasoline shortages would range between 2% and 5% for the rest of this year, and residual oil used to power electric generators would fall a dangerous 13% below demand in the months immediately ahead. On the other hand, FEO analysts reckon, with effective conservation the gap between supply and demand for all petroleum...
...American motoring season-has come, and every bit as welcome as the return of greenery and birds is the return of gasoline. The Federal Energy Office made it official last week: stocks are high and the first postembargo shipments of Arab oil will arrive within the month. But the FEO also issued a warning. Because domestic refineries do not have enough capacity to fill an unrestricted demand for gasoline there will be continuing shortages-4% in this quarter and up to 5% for the rest of 1974-unless drivers continue to conserve fuel...
Exxon announced last week that it would increase supplies to gas stations from 83% of their 1972 usage to 95%. Still, some FEO officials are proceeding on the assumption that the energy crisis is far from over. They are now trying to decide what conservation measures will be needed if the Arabs do unsheathe their oil weapon again in June...
...know their interests in energy matters. So far, his tangible successes have been minor; most recently, for example, he helped to force the Federal Energy Office to publish its contingency plans for nationwide gas rationing. And last week Energy Chief William Simon created an Office of Consumer Affairs within FEO-but at a public meeting coupled that announcement with another rejection of White's insistent demand for a price rollback...
These problems have been compounded by Simon's less-than-sterling performance as an administrator. FEO staffers say that he spends all too much time meeting with anyone who wants to see him and testifying before Congress. FEO has also suffered from the high turnover rate and lack of expertise of its staff. Many employees were assigned to FEO on a temporary basis, and have since returned to their agencies; their replacements had to start from scratch to learn their jobs. Moreover, the long hours that FEO officials have invested in getting the programs started have taken a toll...